May 21, 2024
Corporate
Delaware Life Announces Enhancements to Fixed Index Annuities, Bringing Innovation and Diversification Including the Invesco QQQ ETF
To give consumers a simple, tailored way to diversify returns and guarantee higher minimum growth, Delaware Life Insurance Company (Delaware Life), a Group 1001 company, announces the addition of two diversified, multi-strategy Precision Portfolios as part of the Growth Pathway fixed index annuity (FIA). As an additional enhancement, Growth Pathway is now the only FIA to offer the Invesco QQQ ETF.
Clients can choose from two diversified Precision Portfolio options – one without volatility control indexes and the second featuring indexes both with and without volatility control. The portfolio options comprise index strategies (which can also be selected individually) from world-class, well-known investment companies including Invesco, Janus Henderson, First Trust/Barclays, and Franklin Templeton/Société Générale, as well as a fixed account.1
The Precision Portfolios include an enhanced no-fee Guaranteed Minimum Account Value (GMAV) that guarantees the annuity account value will grow over the surrender charge period even if the selected portfolio doesn’t generate interest credit. At the end of the surrender period, the account value will receive a GMAV credit (118 percent after five years or 125 percent after seven years).2
“The Precision Portfolios do the work for consumers by providing a diversified range of options and also an enhanced GMAV,” said Group 1001 Chief Product Officer Dale Uthoff. “Featuring some of the top investment company names in the industry, Precision Portfolios combine the power of diversification with financial markets research to help clients meet their retirement savings goals.”
Michelin Sharp, Head of the Insurance and Retirement Group at Janus Henderson, said, “Our Adaptive allocation process seeks to harness the Nobel Prize-winning research of Dr. Myron Scholes by attempting to balance the risk of market losses with the risk of missing out on market gains, using information derived from the options markets. We are pleased to partner with Delaware Life to bring this strategy within a fixed index annuity that seeks to provide capital preservation and tax benefits to investors.”
“We are pleased to offer insurance customers access to Invesco QQQ as an index within Delaware Life’s fixed indexed annuity,” said Paul Temple, Head of Invesco Financial Institutions Group. “QQQ is a leading ETF that provides exposure to a diverse group of cutting-edge Nasdaq-100 companies. This is the first time that QQQ will be offered as an index within a FIA and it highlights Invesco’s ongoing commitment to innovation within the insurance landscape. We are looking forward to strengthening our relationship with Delaware Life through this partnership.”
1 A Precision Portfolio option is a present combination of interest crediting strategies and allocation percentages that are made available for selection at annuity purchase. Customers may only select one Precision Portfolio to allocate 100% of their premium payment. Precision Portfolio options are only available at issue and the predetermined allocation percentages making up the portfolio will not change or be rebalanced.
2 The GMAV Credit is equal to the GMAV Base minus the Account Value at the 5th or 7th anniversary (matching the selected Surrender Charge Period) but will never be less than 0. The GMAV Base is equal to the initial premium multiplied by the GMAV Factor, plus additional payments and adjusted for any withdrawals. To be eligible for the Enhanced GMAV, customers must allocate 100% of their initial premium payment to a Precision Portfolio option and the Account Value must remain allocated to that preset allocation option until the end of the Surrender Charge period.
For more information about Precision Portfolios and Delaware Life index providers, visit: https://www.delawarelife.com/product/growth-pathway
To learn more about the Invesco QQQ ETF, visit https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QQQ
For full disclosures and applicable disclaimers for the Janus Henderson Adaptive Market Leaders US Index see: https://indices.janushenderson.com/indices/adaptive-market-leaders/#janus-henderson-adaptive-market-leaders-us-index-jamluser
Visit https://franklin-sg-select-advantage.com for more information on the Franklin SG Select Advantage Index.
First Trust Capital Strength Barclays Index details can be found here: https://indices.barclays/CapStrength10
About Delaware Life Insurance Company
Delaware Life is an annuity company that empowers financial professionals with a wide array of customizable solutions. A subsidiary of Group 1001, we were born out of the advisor industry, and we understand how important it is to find the right fit for every client, every situation, and every individual need. We’re passionate about equipping you with annuities that give your customers peace of mind and a successful future—allowing them to plan with confidence for whatever’s next.
About Group 1001
Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all. Our online investing platform gives individuals control over their savings. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports.
As of December 31, 2023, Group 1001 had more than 1,200 employees and combined assets under management of $62.6 billion, serving more than 950,000 customers. It comprises the following brands: Delaware Life, Gainbridge®, Clear Spring Health, Clear Spring Property and Casualty Group, Clear Spring Life and Annuity Company, and RVI Group, among others.
Annuities are long-term investment vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Delaware Life Insurance annuities have limitations, exclusions, charges, termination provisions, and terms for keeping them in force.
Fixed index annuities are not securities and do not participate directly in the stock market or any index and are not investments. It is not possible to invest directly in an index. Guarantees are backed by the financial strength and claims-paying ability of Delaware Life Insurance Company (Zionsville, IN). Growth Pathways is issued with policy forms ICC22- DLIC-FIA, DLIC22-FIA. Policy and rider form numbers may vary by state. Products, riders, and features may vary by state, and may not be available in all states.
Delaware Life Insurance Company (Zionsville, IN) is authorized to transact business in all states (except New York), the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Backtesting and other statistical analysis uses simulated analysis and hypothetical circumstances to estimate how the Precision Portfolios may have performed between specific periods, prior to their actual existence. For detailed date parameters, please refer to the individual index performance disclosures. The results obtained from backtesting should not be considered indicative of the actual results that might be obtained from an investment in the portfolio as the actual performance of the Precision Portfolios may vary significantly from the results obtained from backtesting.
Jun 25, 2024
Corporate
Group 1001 Names Martin Woll as Chief Operating Officer
Group 1001, a leading financial services company, announces Martin Woll as Chief Operating Officer of Group 1001 Life & Annuity. A member of the executive leadership team and reporting to Group 1001’s President and CEO, Woll will lead the operations team, including the client experience, facilities, and corporate r...
Jun 20, 2024
Corporate
Annuity Myths and Truths
By Dale Uthoff, Chief Product Officer, Group 1001 Life and Annuity
June is National Annuity Awareness Month. Annuities can offer flexibility both in how you save for and receive money in retirement. It comes down to knowing that there are different types of annuities, each designed to address a specific need or life sta...
Apr 15, 2024
Corporate
New Savings Program Offers Higher APY by Combining Market Returns with a Guaranteed Yield
Gainbridge®, a Group 1001 company, and Save®Advisers, LLC, a technology and wealth management company, announced the launch of Market+ to address the needs of savers who want market participation with a minimum guaranteed return.
Market+ offers a hybrid yield structure, featuring a 3% guaranteed annual yield (returned i...
Apr 11, 2024
Sponsorship
Corporate
DUPR and Delaware Life Team Up to Fuel Growth of Pickleball
Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company and a leader in annuity and life insurance products, and DUPR (Dynamic Universal Pickleball Rating), today announced a long-term partnership dedicated to driving growth and innovation in pickleball.
Under the agreement, Delaware Life is the exclusi...
Mar 25, 2024
Corporate
Delaware Life Insurance Company Launches Innovative Fixed Index Annuity with Premium Bonus: PrimeStart Bonus 10SM
WALTHAM, Mass., March 25, 2024 - Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus. PrimeStart Bonus 10SM offers an exclusive trifecta of features combining the power of a 10% premium bonus, interest crediting that’s ba...
Mar 11, 2024
Corporate
Group 1001 Names Boaknin as Chief Information Officer
Zionsville, Ind. (March 11, 2024) – Group 1001, a leading financial services company, announces Nick Boaknin as Chief Information Officer. Boaknin previously held the role of Technology Transformation Leader.
As Chief Information Officer, Boaknin will assist Group 1001’s Technology team in building and delivering high-...
Mar 7, 2024
Corporate
Sponsorship
Group 1001 Includes Women Employees’ Names on Race Cars in Honor of Women’s History Month
Group 1001, a leading financial services company, is off to the races to recognize and honor women employees and financial advisors during Women’s History Month in March.
To celebrate women working for Group 1001, more than 450 woman employees’ names will be included Sunday, March 10 on two Group 1001 company race cars...
Mar 5, 2024
Corporate
Sponsorship
Gainbridge® Signs College Basketball Star Caitlin Clark as Brand Ambassador
Gainbridge®, a Group 1001 company, announced today a multi-year partnership with Iowa women’s basketball star Caitlin Clark to serve as brand ambassador for the company. The company also announced a new product now available on the Gainbridge® platform, ParityFlex™, a multi-year guaranteed annuity product created for w...
Feb 27, 2024
Corporate
Group 1001 Announces Two Vice President Technology Hires
Zionsville, IN (February 27, 2024) - Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.
In the role of Vice President, Technology Governance, Borcherding will shape and oversee...
Feb 8, 2024
Work Life
Corporate
Celebrating Black History Month
Every February, the United States honors the contributions, sacrifices, and achievements of Black Americans who have helped shape the nation. We’ve asked several Group 1001 employees how they celebrate Black History Month and what it means to them.
Black History Month originally started as National Negro History Week in...
Nov 17, 2023
Corporate
Group 1001 Moves to New Office in Waltham, Massachusetts
Group 1001 has moved to a new office at 230 CityPoint, just outside of Boston. The new location provides a more flexible, modern space, allowing greater collaboration amongst team members to better serve clients.
Located just 20 minutes from downtown Boston, the office will support more than 150 employees.
“Our teams w...
Nov 8, 2023
Work Life
Corporate
Celebrate National STEM Day with Group 1001 Employees
Today is National STEM Day celebrating Science, Technology, Engineering, and Mathematics skills! At Group 1001, hundreds of our employees have STEM degrees that have led them to rewarding and important careers.
STEM Day was created because studies revealed that U.S. students were not keeping up with other countries in ...
Oct 18, 2023
Corporate
Group 1001 Welcomes New Senior Leverager, Vice President Vidhyarth (Raghu) Hariharan
Zionsville, IN (October 18, 2023) - Group 1001 welcomes Vidhyarth (Raghu) Hariharan to the company as Senior Leverager, Vice President for the life and annuity businesses.
Reporting to the Chief Strategy Officer, Hariharan will further secure Group 1001’s reputation as a technology leader and innovator in today’s ever-...
Oct 16, 2023
Corporate
Group 1001 Welcomes Chris Kennedy, Chief Information Security Officer
Zionsville, IN (October 16, 2023) – Group 1001, a leading financial services company, today announced the addition of Chris Kennedy as Group 1001 Chief Information Security Officer.
Kennedy has robust experience and a proven track record of developing and implementing comprehensive information security programs spanning...
Oct 13, 2023
Corporate
Delaware Life Supports Cabrera Capital Markets
Group 1001 believes in supporting and engaging with the communities where we live and work, including by supporting minority-owned businesses.
In line with this belief, Delaware Life Insurance Company, a Group 1001 company, has maintained an investment of between $50 million and $175 million in the Cabrera Capital Marke...
Sep 28, 2023
Corporate
Delaware Life Marketing Announces New President and CEO, Colin Lake
Zionsville, IN (September 28, 2023) – Delaware Life, a Group 1001 company, today announced the appointment of Colin Lake as President and CEO of Delaware Life Marketing. Lake brings more than 26 years of experience to the role with a track record of leading sales teams toward sustainable, exponential growth. Tom Seitz,...
Sep 26, 2023
Corporate
Insurtech Mylo Teams with Gainbridge® to Introduce Gainbridge® Protect
Mylo Embeds Access to its Home and Auto Insurance Solutions on the Gainbridge® Platform
ZIONSVILLE, IN (September 26, 2023) – Insurtech leaders Mylo and Gainbridge® today announced the launch of Gainbridge® Protect, which will embed Mylo’s guided auto and home insurance shopping experience into the Gainbridge® platform...
Sep 7, 2023
Corporate
Sponsorship
Community
Work Life
Indy Women in Tech Summit Shares Strategies for Success
The Indy Women in Tech (IWiT) Summit took place Wednesday, August 30 in Indianapolis. Twenty-two employees from Group 1001 (including volunteers) attended the Summit, thanks to complimentary tickets from IWiT. More than 190 attendees in total enjoyed the session. The Summit was part of Rally, a three-day global innovat...
Sep 1, 2023
Corporate
Gainbridge, a Group 1001 Company, Announces Chief Strategy Officer for Life and Annuity, Minji Ro
Zionsville, IN (September 1, 2023) - Gainbridge®, a Group 1001 company, announced that Minji Ro has joined the company as Chief Strategy Officer for the life and annuity businesses. Ro has extensive experience in financial services, process improvement, and implementing forward-thinking strategies that align with the c...
Aug 31, 2023
Corporate
Delaware Life Accelerator Prime® Variable Annuity Named Barron’s Best Annuities and Due Diligence Works’ #1 Annuity for Income
The Delaware Life Accelerator Prime® Variable Annuity (the APVA) has been named Best Annuities: Guaranteed Income with Some Flexibility, Liquidity, and Growth Potential by Barron’s. The list includes “annuities with the most competitive payouts or guarantees, all offered by insurers with top credit ratings.”
The article...
Aug 21, 2023
Work Life
Corporate
Community
Waltham Office Completes Successful Back-to-School Backpack Drive
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe, Former Pro Tennis Player
This quote describes the recent volunteer activity undertaken in Waltham as employees donated supplies, assembled and filled backpacks, loaded trucks, and delivered 255 fully-stocked backpacks to families in need with el...
Aug 17, 2023
Work Life
Corporate
Group 1001’s Gu Xie Is Leading the Organization to Be Data Centric in Decision Making
Gu Xie, Head of Data Engineering for Group 1001, is already making huge waves as he approaches one year on the job, leading the transformation of the organization to become data-centric. Gu built an innovative platform from the ground up, focused on new capabilities and data to enable analytic outcomes and empower team...
Jul 28, 2023
Corporate
Group 1001 Update on Ransomware Attack
Group 1001, Inc. would like to provide an update to our stakeholders concerning the February 9, 2023, ransomware attack on our information technology infrastructure.
As previously reported, we immediately launched an investigation to determine the full scope of the incident, and a team of leading third-party forensic e...
Jul 27, 2023
Corporate
Group 1001 Appreciates Our 2023 Summer Interns
We are excited to work with 11 summer interns! Group 1001’s internships are designed to provide a highly engaging, real-life experience where students have the opportunity to work on real projects, make an impact, and gain valuable business skills.
“Group 1001 is committed to providing interns the opportunity to provide...
Jul 12, 2023
Corporate
Delaware Life Insurance Company Recognized as a 2023 Ward’s Top 50 Life-Health Company
Delaware Life Insurance Company, a Group 1001 Company, has been recognized as a top-performing company in the insurance industry by Ward, an Aon company, who is a leading benchmarking provider for the insurance industry. This prestigious group of 50 companies is chosen based on publicly available data to identify the t...
Jun 28, 2023
Corporate
Group 1001 Honored with HR Impact Award from Indianapolis Business Journal
Group 1001 received an HR Impact Award presented by the Indianapolis Business Journal! The company was recognized in the “employee experience” category, which acknowledges programs and efforts that make an organization a better place to work, whether that’s through strong benefits programs, work/life balance efforts, c...
